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KAZAKHSTAN - Capital Market Infrastructure Summary

Central Securities Depositories
Kazakhstan KACD
Kazakhstan Interbank Settlement Centre (KISC)

Settlement Cycle

All trades executed on the Kazakhstan Stock Exchange (KASE) may be settled only against payment. All trades executed on KASE are settled on T+ 0. There is no netting and/or clearing operation in the settlement system of KACD and all trades are settled as dealt. KASE features a fully prepaid settlement model. The Kazakhstan Central Depository (KACD), a company whose full title is Central Securities Depository JsC, Is the only CSD in this market.

Key terms defined in our glossary:

Central Securities Depository
Settlement Cycle

The above information is written as a general guide only and is subject to change. Please refer to our 'Terms' page for more details.